PJSC ROSSETI Holds Its Annual General Meeting of Shareholders to Discuss Performance Results for 2016

30.06.2017

In Moscow on June 30, PJSC ROSSETI held the Annual General Meeting of Shareholders chaired by Russian Minister of Energy Alexander Novak. The AGM was attended by 92% of the Company’s voting share holders.

The AGM adopted decisions on all items on the agenda. Approval was given to the Company’s Annual Report for 2016, the Company’s annual accounting (financial) statements for 2016, and the Company’s profit distribution based on performance results in 2016; the AGM decided on the amount, period, and form of dividend payment based on performance results in 2016 and the date set for determining the persons entitled to dividends and resolved to pay remuneration for serving on the Board of Directors to members of the Board of Directors other than those who hold public office in the amount specified in the Company’s internal documents. The AGM resolved to pay remuneration for serving on the Internal Audit Commission to members of the Internal Audit Commission other than those who hold public office in the amount specified in the Company’s internal documents. The AGM also elected members of the Company’s Board of Directors, approved the composition of the Company’s Internal Audit Commission, the Company’s Auditor, a restated version of the Articles of Association of the Company, a restated version of the Regulations for the General Meeting of Shareholders of the Company, and a restated version of the Regulations for the Board of Directors of the Company, and resolved to approve the Company’s membership in the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and the Russian Union of Industrialists and Entrepreneurs Russian Association of Employers.

PJSC ROSSETI’s shareholders voted in favor of the recommendation of the Company’s Board of Directors to pay dividends for 2016 in cash in the amount of 2 billion rubles. The determined date of the list of the persons entitled to dividends is July 19, 2017.